My first thought is you stole my economic health measurement theory 😉

Posted By: HoopUte
Date: Wednesday 5 June 2019, at 09:38 am
Recommended by 2 user(s)

I’ve posted the same idea multiple times. You can judge the health of the economy as being inversely proportional to the quality of help you get at the Wendy’s drive-thru. I came up with it in 1999 to 2000 while getting my MBA and watching changes during the dot com bubble burst.

There is a serious shortage of good workers. My wife saw a Burger King that had to close its drive-thru because they couldn’t staff it. My step-daughter has been trying to find a second baker for her bakery. The best candidate she found on ZipRecruiter showed up the first day an hour late and drunk. She’s chosen to close on Mondays now just so she doesn’t completely burn out. My brother-in-law took over a year to find a cook for his restaurant. Try to find a handyman or a contractor to do small jobs? We’ve had to pay a lot more for some jobs just because demand is so high. While that’s a sign of good employment, it also is a sign of inflation coming as the costs flow through the economy. Lastly, US consumers will pay for the additional taxes on imports in spite of what the Administration claims, which will increase prices and reduce spending and velocity of money.

In summary, it’s not all rainbows and lollipops out there.

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